S&P: American Casino & Entertainment Properties LLC Ratings Withdrawn Following Notes Redemption

(Stratosphere Casino, Las Vegas, top right photo)

NEW YORK-- Standard & Poor's Ratings Services has withdrawn its ratings on Las Vegas-based American Casino & Entertainment Properties LLC (ACEP), including the 'B+' corporate credit rating. The withdrawal follows the redemption of the company's outstanding $215 million senior secured notes in conjunction with the close of the sale of ACEP to W2007/ACEP Holdings LLC, an affiliate of Whitehall Street Real Estate Funds.

Ratings List
To From
American Casino & Entertainment Properties LLC
Corporate Credit Rating NR B+/Watch Neg/--
Senior Secured Notes NR B+/Watch Neg

Media Contact:
Edward Sweeney, New York (1) 212-438-6634
edward_sweeney@standardandpoors.com

Analyst Contacts:
Melissa Long, New York (1) 212-438-3886
Craig Parmelee, CFA, New York (1) 212-438-7850